Why Should I Get Pre-Approved Before Shopping For a Home

 5 Things to Consider Before You "Go Buy"...

1. Going house shopping? In today’s market seeing homes without loan approval may cause some issues. Sellers will often ask if a buyer is preapproved before allowing a showing of their home.

   For each showing, sellers have to up root their family, pets, etc. They have to clean and find something to do during the showing.

   Sellers want to make sure that a buyer has loan approval or has been through the preapproval process before going through all of these inconveniences to show their home.

2. Online mortgage calculators are notoriously inaccurate and often set wrong expectations. You may be looking in the wrong price range: Too Low you might be disappointed...Too High you’ll definitely be disappointed!
3. Before you go shopping for a home getting a credit check and free credit score analysis will position you for the best products, rates and the lowest cost. It’s always best to know what is on your credit report and understand its impact on your ability to buy. If there is something that needs to be corrected and you cannot buy right now, we can assist in helping you improve your credit standing.
4. Untie the knot of mortgage confusion. We provide a First Time Home Buyers’ education program. Knowledge is key in an ever changing market. Part of any approval process should be education. “What makes up a payment?” “How much down payment money do I need?” “How much can I afford?” We answer all of these questions and more. Our goal is to make you feel comfortable.
5. Your goals and your budget are tremendously important components of the home buying process. We can help you set up budget and savings goals, examine loan benefits and explore other financial considerations with you.